Market leading insight for tax experts
View online issue

Wood v Holden

Now that the Court of Appeal decision in this case has become final John Carrell of Farrer & Co considers the lessons for those administering offshore companies
Wood v Holden is the first case on the tax residence of a company to be decided by the courts in 45 years and is therefore of momentous importance for practitioners. It concerned an offshore company that took part in a capital gains tax avoidance scheme the question being whether that company was managed and controlled from the UK and therefore resident here.
Last November the Court of Appeal ruled in favour of the taxpayers that the company was non-resident. In their article in The Tax Journal Issue No 824 13 February 2006 Andrew Watters and Jonathan...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.